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Guess What? We’ve Been in a Recession for a Year.
Comments from Left Field —
Anyone who has the capacity to see beyond their own nose has known this for a long time now. In fact, for a lot of Americans, the recession has been a reality for quite a bit longer than a year.
Kevin Drum called it last February (h/t James Joyner). Larry Kudlow (supposed expert on economic issues) blew it.
Helen Thomas thinks it’s a depression (and she lived through the last one).
Monday's Mini-Report
Political Animal —
... . * Why is it that Larry Kudlow seems to always be wrong ? * The far-right talking about autoworkers making $75 a hour is wrong, but ...
Von Hoffmann Award Nominee
The Daily Dish | By Andrew Sullivan —
... the resilient U.S economy continues moving ahead—quarter after quarter, year after year—defying dire forecasts and delivering positive growth. In fact, we are about to enter the seventh consecutive year of the Bush boom," - Larry Kudlow, December 2007, the month that the recession officially started.
I wonder at times how people like Kudlow still manage to opine with such sublime confidence. Denial, I guess. Dow 36,000, anyone?
(Hat tip: AL) ...
